Green Plains Inc. (NASDAQ:GPRE) Shares Bought by 272 Capital LP

272 Capital LP lifted its stake in shares of Green Plains Inc. (NASDAQ:GPRE) by 10.1% during the second quarter, Holdings Channel reports. The fund owned 440,058 shares of the specialty chemicals company’s stock after buying an additional 40,546 shares during the quarter. Green Plains comprises 3.5% of 272 Capital LP’s investment portfolio, making the stock its 7th largest position. 272 Capital LP’s holdings in Green Plains were worth $6,979,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of GPRE. Future Fund LLC boosted its holdings in Green Plains by 5.0% in the fourth quarter. Future Fund LLC now owns 11,456 shares of the specialty chemicals company’s stock worth $289,000 after acquiring an additional 550 shares in the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Green Plains by 6.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 11,071 shares of the specialty chemicals company’s stock worth $256,000 after purchasing an additional 655 shares in the last quarter. Inspire Investing LLC grew its position in Green Plains by 4.1% in the 1st quarter. Inspire Investing LLC now owns 17,200 shares of the specialty chemicals company’s stock valued at $398,000 after purchasing an additional 675 shares during the period. Louisiana State Employees Retirement System increased its stake in Green Plains by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 32,500 shares of the specialty chemicals company’s stock valued at $515,000 after purchasing an additional 700 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in Green Plains during the 4th quarter valued at $26,000.

Green Plains Stock Down 2.7 %

Shares of NASDAQ:GPRE opened at $12.93 on Tuesday. Green Plains Inc. has a 1 year low of $11.63 and a 1 year high of $31.92. The company has a market capitalization of $835.52 million, a PE ratio of -10.51 and a beta of 1.53. The business has a fifty day moving average price of $14.59 and a two-hundred day moving average price of $17.53. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.68 and a quick ratio of 1.11.

Green Plains (NASDAQ:GPRE) last posted its quarterly earnings results on Tuesday, August 6th. The specialty chemicals company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.35). The company had revenue of $618.83 million for the quarter, compared to the consensus estimate of $646.70 million. Green Plains had a negative net margin of 1.64% and a negative return on equity of 4.94%. Green Plains’s quarterly revenue was down 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.89) EPS. Analysts forecast that Green Plains Inc. will post -0.95 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Craig Hallum reduced their price objective on shares of Green Plains from $34.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Oppenheimer downgraded Green Plains from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 7th. BMO Capital Markets lowered their price objective on Green Plains from $22.00 to $17.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. UBS Group cut their target price on Green Plains from $26.00 to $23.50 and set a “buy” rating on the stock in a research report on Monday, August 19th. Finally, Truist Financial reissued a “buy” rating and issued a $25.00 price target (down from $30.00) on shares of Green Plains in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.28.

About Green Plains

Green Plains Inc produces low-carbon fuels in the United States and internationally. It operates through three segments: Ethanol Production, Agribusiness and Energy Services, and Partnership. The Ethanol Production segment produces ethanol, distillers grains, and ultra-high protein and renewable corn oil.